India stocks higher at close of trade; Nifty 50 up 0.87%

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At the close in NSE, the Nifty 50 added 0.87%, while the BSE Sensex 30 index climbed 0.80%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 5.58% or 25.10 points to trade at 474.75 at the close. Meanwhile, Titan Company Ltd (NS:TITN) added 3.49% or 85.10 points to end at 2522.40 and UltraTech Cement Ltd (NS:ULTC) was up 2.62% or 193.85 points to 7591.05 in late trade.

The worst performers of the session were NTPC Ltd (NS:NTPC), which fell 1.97% or 2.50 points to trade at 124.40 at the close. Cipla Ltd. (NS:CIPL) declined 0.91% or 8.65 points to end at 944.10 and Tech Mahindra Ltd (NS:TEML) was down 0.52% or 9.40 points to 1790.55.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 3.50% to 2521.85, UltraTech Cement Ltd (BO:ULTC) which was up 2.62% to settle at 7591.95 and Kotak Mahindra Bank Ltd. (BO:KTKM) which gained 2.36% to close at 1796.30.

The worst performers were NTPC Ltd (BO:NTPC) which was down 1.97% to 124.40 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 0.56% to settle at 1790.55 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 0.41% to 204.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1300 to 498 and 27 ended unchanged; on the Bombay Stock Exchange, 2342 rose and 934 declined, while 89 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.07% to 16.2225.

Gold Futures for February delivery was up 0.35% or 6.30 to $1820.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.88% or 0.68 to hit $76.31 a barrel, while the March Brent oil contract fell 0.75% or 0.60 to trade at $78.93 a barrel.

USD/INR was down 0.11% to 74.320, while EUR/INR fell 0.06% to 84.1820.

The US Dollar Index Futures was down 0.00% at 95.960.